Can I retire at age 65 with 12,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,003,389
2 years$527,361$517,540$508,021$498,792$489,840$464,532
3 years$348,082$338,218$328,723$319,581$310,775$286,225
4 years$258,460$248,626$239,226$230,240$221,647$198,044
5 years$204,701$194,926$185,649$176,846$168,493$145,902
6 years$168,873$159,172$150,032$141,425$133,322$111,767
7 years$143,292$133,672$124,678$116,274$108,427$87,910
8 years$124,114$114,582$105,736$97,539$89,951$70,462
9 years$109,207$99,764$91,071$83,082$75,751$57,276
10 years$97,287$87,937$79,398$71,617$64,544$47,060
11 years$87,542$78,285$69,900$62,328$55,510$38,992
12 years$79,426$70,265$62,035$54,670$48,104$32,525
13 years$72,564$63,499$55,424$48,266$41,947$27,276
14 years$66,688$57,718$49,799$42,845$36,771$22,976
15 years$61,600$52,727$44,962$38,210$32,376$19,423
16 years$57,152$48,376$40,764$34,213$28,614$16,469
17 years$53,231$44,552$37,094$30,740$25,371$14,000
18 years$49,750$41,168$33,862$27,703$22,559$11,925
19 years$46,639$38,154$30,999$25,032$20,107$10,176
20 years$43,843$35,455$28,449$22,671$17,960$8,696
21 years$41,316$33,025$26,168$20,576$16,072$7,441
22 years$39,022$30,828$24,118$18,708$14,407$6,374
23 years$36,931$28,832$22,268$17,038$12,932$5,465
24 years$35,017$27,014$20,595$15,539$11,624$4,689
25 years$33,258$25,351$19,075$14,192$10,460$4,026
26 years$31,638$23,826$17,691$12,976$9,422$3,459
27 years$30,140$22,423$16,427$11,877$8,494$2,973
28 years$28,751$21,129$15,271$10,882$7,665$2,556
29 years$27,461$19,933$14,211$9,979$6,921$2,199
30 years$26,259$18,825$13,237$9,158$6,254$1,892
31 years$25,136$17,796$12,341$8,411$5,654$1,628
32 years$24,086$16,838$11,514$7,730$5,114$1,402
33 years$23,102$15,946$10,751$7,108$4,628$1,207
34 years$22,178$15,113$10,045$6,540$4,190$1,039
35 years$21,308$14,335$9,391$6,021$3,795$895
36 years$20,488$13,606$8,785$5,545$3,439$771
37 years$19,715$12,922$8,223$5,109$3,117$664
38 years$18,984$12,281$7,700$4,709$2,826$572
39 years$18,292$11,678$7,214$4,342$2,562$493
40 years$17,636$11,111$6,762$4,005$2,324$425
41 years$17,014$10,576$6,341$3,695$2,109$366
42 years$16,424$10,072$5,948$3,410$1,913$316
43 years$15,862$9,597$5,581$3,148$1,736$272
44 years$15,327$9,148$5,239$2,907$1,576$234
45 years$14,817$8,723$4,919$2,684$1,431$202
46 years$14,332$8,322$4,620$2,479$1,299$174
47 years$13,868$7,941$4,341$2,291$1,180$150
48 years$13,424$7,581$4,079$2,117$1,071$129
49 years$13,001$7,240$3,834$1,956$973$112
50 years$12,595$6,916$3,605$1,808$884$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $12,900,000, adding $3,632 every year, while hoping to spend $49,848 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 84/7/9 Blend
64$12,900,000$12,900,000$12,900,000$12,900,000
65$14,219,546$13,535,846$13,335,896$15,396,780
66$15,616,902$14,146,065$13,729,611$16,776,946
67$17,155,118$14,784,514$14,134,844$18,285,569
68$18,848,508$15,452,523$14,551,930$19,941,112
69$20,712,846$16,151,487$14,981,210$21,758,311
70$22,765,513$16,882,867$15,423,037$23,753,395
71$25,025,661$17,648,193$15,877,775$25,944,238
72$27,514,393$18,449,069$16,345,795$28,350,528
73$30,254,964$19,287,175$16,827,481$30,993,951
74$33,272,996$20,164,273$17,323,228$33,898,392
75$36,596,727$21,082,208$17,833,442$37,090,162
76$40,257,270$22,042,913$18,358,538$40,598,243
77$44,288,910$23,048,414$18,898,948$44,454,562
78$48,729,427$24,100,835$19,455,111$48,694,287
79$53,620,453$25,202,400$20,027,482$53,356,162
80$59,007,864$26,355,442$20,616,527$58,482,869
81$64,942,211$27,562,404$21,222,726$64,121,426
82$71,479,202$28,825,847$21,846,572$70,323,634
83$78,680,221$30,148,454$22,488,573$77,146,561
84$86,612,913$31,533,038$23,149,250$84,653,079
85$95,351,821$32,982,547$23,829,140$92,912,458
86$104,979,085$34,500,071$24,528,795$102,001,011
87$115,585,224$36,088,846$25,248,782$112,002,821
88$127,269,985$37,752,268$25,989,684$123,010,526
89$140,143,285$39,493,891$26,752,100$135,126,191
90$154,326,253$41,317,444$27,536,649$148,462,273
91$169,952,367$43,226,835$28,343,962$163,142,677
92$187,168,717$45,226,158$29,174,693$179,303,922
93$206,137,392$47,319,706$30,029,512$197,096,431
94$227,037,013$49,511,979$30,909,107$216,685,941
95$250,064,413$51,807,691$31,814,187$238,255,072
96$275,436,502$54,211,786$32,745,481$262,005,042
97$303,392,307$56,729,445$33,703,736$288,157,566
98$334,195,235$59,366,101$34,689,724$316,956,944
99$368,135,554$62,127,445$35,704,235$348,672,365
100$405,533,137$65,019,446$36,748,083$383,600,440